In a report issued on Thursday, market research firm iSuppli said the semiconductor industry is on track to generate $300.3 billion in revenue this year, which would be a 30.6 percent boost from the $229.9 billion generated in 2009.
If iSuppli ends up being right, 2010 will be a record year for the worldwide chip industry, toppling the previous record of $275 billion set in 2007. It would also be the second time in 10 years that the industry noted a more than 30 percent increase in revenue. The first time was back in 2000 when chip makers saw a 36.7 percent increase, which was largely attributable to the rise of the Internet.
"Building on the continuing expansion in sales that followed the downturn in late 2008 and early 2009, the semiconductor industry is set to achieve remarkable revenue growth and record size in 2010," said Dale Ford, an analyst with iSuppli. "Chip sales growth this year will be fueled by a number of key factors, including continued strong consumer demand for hot electronic products, diligent inventory and capacity management efforts among chip makers, and the arrival of innovative technologies at both the component and end-system levels."
Even with the positive outlook, Ford warns that the economy remains "the biggest wild card," with a number of financial and economic trouble spots that could ultimately stunt growth.
Image Credit: The Korea Times
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